1 Introduction to published accounts Chapter learning objectives


Introduction to published accounts


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Introduction to published accounts

4 Chapter summary




16 KAPLAN PUBLISHING






Chapter 1


Test your understanding 2

The following trial balance relates to P at 31 March 20X1:
$000 $000
Revenue 5,300
Cost of sales 1,350
Dividends received 210
Administration expenses 490
Distribution costs 370
Interest paid 190
Prepayments 25
Dividends paid 390
Property, plant and equipment 4,250
Short-term investments 2,700
Inventory at 31 March 20X1 114
Trade receivables 418
Cash and cash equivalents 12
Trade payables 136
Long-term loans (repayable 20X9) 1,200
Share capital 1,500
Share premium 800
Retained earnings at 31 March 20X0 1,163
–––––– ––––––
10,309 10,309
–––––– ––––––
The following information should also be taken into account:
1 The tax charge for the year has been estimated at $470,000.
2 The directors declared a final dividend of $270,000 on 3 April
20X1.
Required:
Prepare, in a form suitable for publication, the statement of profit or loss and other comprehensive income, statement of financial position and
statement of changes in equity for the year ended 31 March 20X1.


KAPLAN PUBLISHING 17





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